FIL Ltd Sells 60,974 Shares of Invitation Homes Inc. (NYSE:INVH)

FIL Ltd reduced its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 38.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,430 shares of the company’s stock after selling 60,974 shares during the quarter. FIL Ltd’s holdings in Invitation Homes were worth $3,179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of INVH. Lindbrook Capital LLC increased its position in shares of Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after purchasing an additional 329 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after buying an additional 825 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after acquiring an additional 378 shares during the period. Allworth Financial LP raised its position in Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after acquiring an additional 702 shares during the period. Finally, Center for Financial Planning Inc. purchased a new position in Invitation Homes in the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

Invitation Homes stock opened at $32.10 on Friday. The business has a 50-day simple moving average of $32.90 and a 200 day simple moving average of $32.85. Invitation Homes Inc. has a 52 week low of $29.37 and a 52 week high of $37.80. The stock has a market cap of $19.67 billion, a price-to-earnings ratio of 45.20, a PEG ratio of 4.70 and a beta of 0.86. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. On average, research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be given a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.61%. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

Analysts Set New Price Targets

A number of research firms recently commented on INVH. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Raymond James cut their target price on shares of Invitation Homes from $40.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Barclays reissued an “overweight” rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.38.

Invitation Homes Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.